(07-19-2024, 10:20 AM)copycat Wrote:

(07-19-2024, 10:05 AM)mikesez Wrote: Yes, but it is not the President's job to make the economy "good."  
The government is supposed to manage some things on the margin of the economy, like social safety net when workers get laid of or become disabled.  Then they oversee workplace safety, they punish fraud, they punish workplace discrimination.  
Most workers have no interaction with these things at all most of the time.
Because as far as producing value and earning money off of it, that is entirely up to the private sector.
The President gets too much credit when the economy is good and too much blame when it is

Mike, the question was “What has Biden done to earn my vote”. The OP took certain answers off the table, this being one of them.  In fact if you delve into your reply and compare that to what Biden has done, he clearly caused inflation to shoot through the roof by his all out attack on fossil fuels.

The catalyst for starting the inflation was extra money sent out to consumers under the two COVID relief bills.
The inflation was self-sustaining once it started because the money supply in general has gotten so huge with over a decade of high national debt.
The inflation got under control with increased interest rates.
This stuff about fossil fuels has a smaller impact on inflation, and not all of it can be controlled by the President.  The main reason natural gas and gasoline prices went up was global demand growing.  US demand and US supply didn't change much.

---

(07-19-2024, 10:19 AM)MyBloodIsTeal Wrote:

(07-19-2024, 10:05 AM)mikesez Wrote: Yes, but it is not the President's job to make the economy "good."  
The government is supposed to manage some things on the margin of the economy, like social safety net when workers get laid of or become disabled.  Then they oversee workplace safety, they punish fraud, they punish workplace discrimination.  
Most workers have no interaction with these things at all most of the time.
Because as far as producing value and earning money off of it, that is entirely up to the private sector.
The President gets too much credit when the economy is good and too much blame when it is bad

The government has a huge hand on the scales of the economy.  Regulations and policy regarding domestic energy, EPA requirements, permitting and licensing, minimum wage laws, OSHA, taxation, trade agreements.  The list goes on and on and on.  Some of these policies are great, others are very burdensome.  The amount of hoops to be jumped through and shifting goal posts are ridiculous.

Sure that's all true but the government role is still much smaller than the private sector role.

---